3i Share Discussion Threads

[essentialinvestor] 09/6/2022 13:33

rogue, filled up with diesel at the local Shell yesterday at 1.899 a ltr,
guess that's gone up again today.

Huge swathes of consumer disposable income being sucked out of the economy like
some giant hover.

[roguetraderuk] 09/6/2022 12:49

EI, these are results from pepco, another european discounter. its mix is much more clothing and no foods, but does have some home type products.

some news in there re the uk poundland and how its seeing customers cutting back on essentials. overall however the group is seeing strong performance from q2 continuing in q3.

[roguetraderuk] 09/6/2022 12:17

EI, always was. its a cycle. but its wont be a long drawn out one as they will pivot once the jobs start going in earnest. its already happening but takes time to feed into the data.

[essentialinvestor] 09/6/2022 12:15

Added a small amount.


Recession now looking inevitable?.

[wad collector] 08/6/2022 14:58

I'm holding out for 1190 preXD to add, maybe today...?

[roguetraderuk] 08/6/2022 13:55

im back to biggest cash levels of year after parting with a few recent buys. im assuming the recent bounce isnt going to go much further and will try to add mostly what i sold plus a few extra on the next down leg which id guess would be the low for this year, but that doesnt mean it will all go back to highs. id expect a period of chop some 10-15% of lows in terms of us indices. its poss by friday close we might see the bounce roll over, it will be a tale of two numbers headline and core and which the mkt wants to run with.

[essentialinvestor] 08/6/2022 13:34

Hope so as heavily in cash atm which has not been a good short term call,
from a UKX perspective at least.

[chc15] 08/6/2022 13:32

Might be another buying opp coming up if this continues to fall, with ex div on 16th too. This really shouldn't be linked to Target, completely different mkt and prospects for Action.

[essentialinvestor] 07/6/2022 15:05

Added a small amount sold recently.


Perhaps a key week for wider market direction?.

[roguetraderuk] 07/6/2022 12:55

yup and the poor retails sales reports arent helping. general mkt weakness argues no need to chase anything so looking for a lower low before getting back in (its a 101 dont do it rule so please dont take this as investment advice)

[wudin] 07/6/2022 12:49

Here we go again, moving with Target warning!

[wad collector] 07/6/2022 10:54

That should make it easy for your executors!

[chc15] 20/5/2022 09:52

Indeed, no one can predict the mkts. my strategy is just buy quality when low and hold forever, enjoy the divs, never sell.

[essentialinvestor] 19/5/2022 23:00

top, lovely position to be in, congrats.


On markets, you can always find reasons not to buy or to be cautious,
however we appear to have a converging of multiple challenges currently.
That being said, calling market direction is beyond me so no strong conviction, hopefully opportunities.

[topvest] 19/5/2022 20:58

I'm expecting a full market crash. I'm happy to keep 3i long term though as its a core holding and £nil cost for me after a top-slice.

[roguetraderuk] 19/5/2022 20:29

i dont know EI, but i can tell you if you quickly get another move lower thru 3855 on spx you will def be able to buy that for a few days minimum maybe a week or two and youll test that 3855 bear level from the underside. here right now you just dont know as the mini bounces keep it from being oversold and giving you a better signal.

[essentialinvestor] 19/5/2022 19:44

A lot depends on whether we are going in to a bear market proper or just skirting
around the edge. Clearly many individual stocks are deep in bear market territory already. It looked like a trap door was about to open in early March and we rebounded quickly. Whether today marks another significant low...

[chc15] 19/5/2022 19:37

Added more before close, this is a good buy, espec with ex div coming on the 16th June,im sure it will recover by then.

[roguetraderuk] 19/5/2022 16:06

also here in eastern europe the influx of ukrainians means there are ready customers in that price bracket. i regularly go there with my daughter for art and craft material and its full of ukrainians. less people recently at the local lidl. lidl isnt really a discounter here is probably one of the dearest major supermarkets. so people are def moving down the scale. pepco is another good discounter but thats holding up very well in terms of share price caters to the lowest income sector but you have all sorts shopping there as its really cheap while the goods are worth what you pay for at a minimum. thats still a bit pricy though, so waiting and watching. that pe that brought it to mkt still needs to dump some shares i think so after that would be a good time to look at it maybe.

[essentialinvestor] 19/5/2022 15:56

rogue, mentioned recently I was in Home Bargains in Byfleet during a weekday and
outside the run up to Christmas have never seen it so busy, shop was packed.
And the surrounding area is relatively affluent. Would expect Action may take share
in more challenging economic times, maintaining margins would also be key though.
They should also increasingly benefit from economies of scale.

[roguetraderuk] 19/5/2022 15:45

EI, i know some of the americans that ship from china are having issues getting specific stock, i dont know how much its going to affect action and other discounters in europe but they managed pretty well during covid. i think that follow thru from the americans behind todays drop. last july lows in mid to low 11's maybe. im looking to rebuild in it but technically its not giving you much since it was a well defined trend. the move its had today it one you want to be buying lower the day after to form a hammer bottom or dragonfly doji, something where they go lower but then finish at or new the days high. those are usually tradeable bottoms.

[essentialinvestor] 19/5/2022 15:11

Added a few more, price may be targeting the recent March low?.

[roguetraderuk] 19/5/2022 13:47

river, wouldnt say its cheap relative to mkt but there are worse things to stab at than this. as i say i fully expect it to get away from me again. havent been able to have anything more than a half position this year and presently zero. think 11-12 makes a lot of sense but dont know if mkt willing to price it there.

[riverman77] 19/5/2022 13:39

You've got to also consider the growth, so in a year or two it is likely to be on a 10 multiple or lower - cheap by anyone's standards.

[essentialinvestor] 19/5/2022 13:32

riverman, point taken - I was looking at LSE listed stocks as a reference on multiples.


rogue, 12x perhaps too low, had in mind 14-15 x. Never visited an Action
store so it's more difficult to get a handle on. I'm guessing it's like a larger version of Home Bargains, or something similar.